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UPDATE: UBS Investment Research Raises PT on MSCI Following Solid Earnings Beat

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In a report published Friday, UBS Investment Research analyst Alex Kramm reiterated a Buy rating on MSCI (NYSE: MSCI), and raised the price target from $38.00 to $41.00.

In the report, UBS Investment Research noted, “MSCI posted a solid beat and highlighted innovation, integration, and an improving tone as growth drivers. After a 1Q miss on unanticipated seasonality, we expected improvement in Q2, but were surprised by lower expenses and higher non-ETF asset-based fees. Clearly estimates will come up as Risk Management Analytics growth accelerated and Portfolio Management Analytics retention suggests stabilization. We continue to like the shares and expect adjusted EPS to grow with additional upside if MSCI's indices outperform and share count shrinks.”

MSCI closed on Thursday at $36.52.

Posted-In: Alex Kramm UBS Investment ResearchAnalyst Color Price Target Analyst Ratings


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